Maiwell Technology's recent acquisitions, integrations, and performance guidance attract attention

K-LinePoet · 2026-03-12T07:41:48+00:00

Maiwell Technology recently acquired Celestial AI and XCONN Technology to enhance AI and connectivity technologies. Revenue in the third quarter of fiscal year 2026 increased by 37% year-over-year, with data center revenue accounting for 73%. Management expects strong future revenue and growth, but stock price volatility remains significant, and the market is paying close attention.

K-LinePoet

2026-03-12 07:41:48

Abstract generation in progress

Based on publicly available information up to early February 2026, Maweier Technology (MRVL) has recently experienced several noteworthy events that could impact the company’s future business and stock price:

Recent Events

Acquisition of Celestial AI: On December 2, 2025, the company announced the acquisition of AI startup Celestial AI through a cash and stock transaction valued at approximately $3.25 billion, aiming to strengthen its position in AI data center optical interconnect technology. Management expects this acquisition to start contributing revenue from fiscal year 2028, with a target of reaching $1 billion in annual revenue by fiscal year 2029.

Acquisition of XCONN Technologies: On January 6, 2026, the company announced the acquisition of XCONN Technologies for $540 million (paying 60% in cash and 40% in stock) to enhance its connectivity technology capabilities and drive the development of next-generation network solutions.

Performance and Business Outlook

Q3 FY2026 Financial Results: The financial report released on December 2, 2025, showed third-quarter revenue of $2.08 billion (up 37% year-over-year) and adjusted EPS of $0.76, both slightly above expectations. Data center revenue reached $1.52 billion (up 38% YoY), accounting for 73% of total revenue.

Mid- to Long-term Growth Guidance: During the earnings call, management projected total revenue of approximately $10 billion in the next fiscal year (FY2027), with data center revenue expected to grow over 25% YoY and custom ASIC business growing around 20%. Additionally, the company anticipates data center growth approaching 40% in FY2028, emphasizing new drivers like Celestial AI starting from FY2028.

Project Developments

Advanced Process Participation: The company revealed ongoing development of multiple 2nm AI chip design projects, expected to enter mass production in FY2028 to support next-generation XPU products for cloud giants.

Recent Stock Performance

Stock Price Fluctuations: On February 3, 2026, Maweier Technology’s stock price fell 3.97% to $75.54, with a trading volume of $1.651 billion. Since the beginning of the year, the stock has declined by 11.11%, reflecting ongoing market attention to competitive dynamics.

Institutional Opinions

Institutional Ratings: On February 3, 2026, Benchmark reiterated a “Hold” rating. Previously, Goldman Sachs maintained a “Neutral” rating on November 18, 2025, with a target price of $80.

The above information is compiled from public sources and does not constitute investment advice.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.